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SK Innovation invests $30M in ammonia fuel-cell startup Amogy

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Korea-based SK innovation has invested $30 million in ammonia-based fuel cell startup Amogy ( earlier post ); the two also signed a memorandum of understanding (MoU) on technical cooperation, and agreed to cooperate to develop ammonia-based fuel cell system technology and expand the market. —half that of liquid hydrogen ($3.4).

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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 The majority of production will be GTL diesel and GTL kerosene. Click to enlarge.

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BNEF: EV sales to fall 18% in 2020, overall car market by 23% in response to health and economic crisis

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The figures, if realized, have major implications for oil and electricity markets. The long-term trajectory has not changed, but the market will be bumpy for the next three years. However, the date will vary greatly depending on the market, as early as 2022 for large cars in Europe but 2030 or after for small ones in India and Japan.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The Economic Transition Scenario (ETS), which assumes no new policies and regulations are enacted, is primarily driven by techno-economic trends and market forces. Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024.

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Responsible Battery Coalition and U Michigan launch study to compare electric and gas vehicle lifetime costs

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The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Gregory Keoleian, Director of the Center for Sustainable Systems at the University of Michigan.

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Symbio targets European taxi market with fuel cell range extender in Nissan e-NV200; 500 km range

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Symbio has integrated a 15 kW (net) fuel cell range extender in a Nissan e-NV200 electric van, with plans to introduce the vehicle to the European taxi market. Symbio unveiled the van at the FC Expo 2017 in Tokyo. The new plug-in hybrid hydrogen fuel cell vehicle will deliver at least 500 km of range.

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